EUR/NZD may rise 45 - 66 pips

Our pivot point stands at 1.7645.

Our preference

As long as 1.7645 is support look for 1.7751.

Alternative scenario

The downside breakout of 1.7645 would call for 1.7608 and 1.7586.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7683 and 1.7671).

Supports and resistances

1.7795 **

1.7773 *

1.7751 **

1.7730

1.7685 last

1.7659

1.7645 **

1.7608 *

1.7586 **

Number of asterisks represents the strength of support and resistance levels.